Class: $61M Settlement Would Be ‘Largest Ever’ In ERISA Proprietary Funds Case

(October 9, 2023, 12:22 PM EDT) -- BOSTON — Saying it would be “the largest ever in an [Employee Retirement Income Security Act] case alleging that a retirement plan improperly offered proprietary funds,” plaintiffs on Oct. 6 moved in Massachusetts federal court for preliminary approval of a $61 million class settlement with General Electric Co. (GE) and related defendants....